Intuit (NASDAQ:INTU) Cut to Equal Weight at Wells Fargo & Company

Wells Fargo & Company lowered shares of Intuit (NASDAQ:INTU) from an overweight rating to an equal weight rating in a research report report published on Thursday, MarketBeat.com reports. They currently have $700.00 price target on the software maker’s stock, down from their prior price target of $840.00.

INTU has been the subject of several other research reports. Wall Street Zen lowered shares of Intuit from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $850.00 price objective on shares of Intuit in a research report on Friday, November 21st. Wolfe Research dropped their target price on shares of Intuit from $870.00 to $830.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Cowen initiated coverage on Intuit in a research report on Wednesday. They set a “buy” rating for the company. Finally, Independent Research set a $875.00 price target on Intuit in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $790.00.

Intuit Price Performance

INTU stock opened at $646.90 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 1.39. The business has a 50-day simple moving average of $656.34 and a two-hundred day simple moving average of $690.90. The company has a market capitalization of $180.02 billion, a P/E ratio of 44.22, a price-to-earnings-growth ratio of 2.65 and a beta of 1.25. Intuit has a 52-week low of $532.65 and a 52-week high of $813.70.

Intuit (NASDAQ:INTU) last issued its quarterly earnings data on Thursday, November 20th. The software maker reported $3.34 EPS for the quarter, topping the consensus estimate of $3.09 by $0.25. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.76 billion. Intuit had a return on equity of 23.52% and a net margin of 21.19%.The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.50 earnings per share. Intuit has set its Q2 2026 guidance at 3.630-3.680 EPS. Research analysts expect that Intuit will post 14.09 EPS for the current fiscal year.

Intuit Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be paid a $1.20 dividend. The ex-dividend date is Friday, January 9th. This represents a $4.80 annualized dividend and a dividend yield of 0.7%. Intuit’s payout ratio is presently 32.81%.

Insider Transactions at Intuit

In related news, CEO Sasan K. Goodarzi sold 41,000 shares of Intuit stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $650.10, for a total value of $26,654,100.00. Following the completion of the sale, the chief executive officer owned 13,611 shares of the company’s stock, valued at approximately $8,848,511.10. This trade represents a 75.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Scott D. Cook sold 75,000 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $673.43, for a total transaction of $50,507,250.00. Following the sale, the director directly owned 5,669,584 shares in the company, valued at approximately $3,818,067,953.12. This trade represents a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 388,464 shares of company stock worth $255,514,393 over the last 90 days. 2.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Intuit by 61.3% during the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after purchasing an additional 1,350 shares during the period. Revolve Wealth Partners LLC grew its holdings in Intuit by 145.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock valued at $511,000 after buying an additional 482 shares in the last quarter. Nicholas Hoffman & Company LLC. bought a new stake in shares of Intuit during the first quarter valued at about $785,564,000. Empowered Funds LLC lifted its holdings in shares of Intuit by 15.9% in the first quarter. Empowered Funds LLC now owns 8,134 shares of the software maker’s stock worth $4,994,000 after buying an additional 1,113 shares in the last quarter. Finally, SCS Capital Management LLC bought a new position in shares of Intuit in the first quarter valued at approximately $231,000. 83.66% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Intuit

Here are the key news stories impacting Intuit this week:

• Positive Sentiment: TD Cowen initiated coverage with a “buy” and a $802 price target — a prominent bullish call that can attract momentum and institutional interest. TD Cowen Buy on Intuit
• Positive Sentiment: Truist began coverage with a “buy” and $739 target, another institutional endorsement supporting demand among growth investors. Truist Initiates on Intuit
• Positive Sentiment: Media coverage of Intuit’s SMB Media Labs at CES highlights potential new advertising/media revenue for small-business customers — a strategic growth narrative beyond core tax and accounting products. Intuit SMB MediaLabs at CES
• Neutral Sentiment: Analyst roundups and coverage (Zacks, 24/7 Wall St.) largely reiterate existing bullish sentiment and recap recent calls — helpful for market tone but not new fundamentals. Zacks: Wall Street Views on Intuit
• Neutral Sentiment: Company announced a $1.20 quarterly dividend (ex-dividend/record timing noted in filings) — supports yield narrative but is expected and modest versus growth drivers. MarketBeat Intuit Summary
• Negative Sentiment: Wells Fargo cut Intuit from “overweight” to “equal weight” and trimmed its price target to $700 (from $840) — a notable downgrade that lowers near-term analyst support. Wells Fargo Downgrade
• Negative Sentiment: CEO Sasan Goodarzi sold 41,000 shares (~$26.65M at ~$650.10) on Jan. 7, cutting his direct holding by ~75% — a large insider disposition that can weigh on sentiment even if for personal/planned-liquidity reasons. SEC Form 4 – Goodarzi Sale
• Negative Sentiment: CFO Sandeep Aujla also recently sold shares (~1,335 shares), another insider sale that can add to near-term selling pressure. SEC Form 4 – Aujla Sale

Intuit Company Profile

Intuit Inc (NASDAQ: INTU) is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.

Intuit’s product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.